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Laporta Leaves Barcelona In Debt

Outspoken former Barcelona President Joan Laporta might no longer be active in the management of the club’s affairs however, his 7 year tenure in Catalunya will fondly be remembered as the club’s most successful.

It was during his tenure that the Catalans were crowned champions of Europe twice. In spite of all this success, Barcelona continued to spend big acquiring players like Ronaldinho, Eto’o Toure, Ibrahimovic and most recently David Villa.

Now, new president Sandro Rosell not only inherits a club oozing talent  but one that also has to borrow money to fulfill its financial obligations. This is very worrying considering the fact that they are still in the market trying to land old boy Cesc Fabregas.

Arsenal have stated that should Fabregas leave, then they would definitely milk his sale for all its worth. Currently the highest paid player in Arsenal, earning approximately 130,000 pounds per week, Barcelona will at least have to match that if they expect to lure the 23 year old to the Nou Camp.

According to a report carried on Spain’s sports daily Marca, new Barcelona President Sandro Rosell revealed that the club has secured a 150 million Euro credit to pay players salaries for the month of June.

“We’ve secured a €150 million loan. The banks know that we have a business play that will ensure that they recover the loan in full. The club members should not be alarmed and the situation is under control. We will resolve this tension and it can be done in two ways: to increase revenue and to take a loan, both of which we have done.”

The offloading of players like defender Dmytro Chygrynskiy and midfielder Yaya Toure is expected to ease the situation however, when the success of Europe’s finest club is at stake, then nothing can be left to chance.

Apparently, this loan deal was already agreed on during Laporta’s tenure  so skeptics and critics should not use this as an excuse to frustrate Rosell.

“The previous board had already begun the loan process and we followed the same steps, only with a different business model. The previous administration also knew we needed this credit extension and we hope to sign off on it this week.”

Photo credit: from MOFILM Channel